CM Trade

Download APP to receive bonus


EUR/JPY ST: target 151.46


Our pivot point is at 160.32.

Our preference: target 151.46.

Alternative scenario: the upside breakout of 160.32, would call for 163.53 and 165.44.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (158.18) but above its 50 period moving average (157.10).

Supports and resistances:

165.44 **

163.53 *

160.32 **


157.25 last


151.46 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar